I have a very low opinion of Dave Ramsey, Suzie Orman and even the one time unbelieveably lucky Bob Brinker. These are entertainers, NOT duly licensed and registered reps of legitimate investment firms on Wall Street!!!
There is virtually NO regulatory control nor any recourse should they ever give anyone a bum steer!!! When it gets right down to it, they are no more legitimate than Bernie Madeoff IMO. When Susie Orman mislead a bunch of followers, she had nothing to say to Oprah but "that's tragic" and just left it at that with nothing more said or done about it.
Ask ANY duly licensed Registered Representative of ANY brokerage firm what would happen if ANY of them ever behaved like that, even once. The only governmental control on the entertainers named above is via the FCC that only gets upset about "dirty words!"
I even put a lot more stock in Grampa Dave's expertise than in the three named above... REALLY!!!
(now I'm going to shut down till the flack from the unwise disciples tapers off a little - remember, this is just MY opinion for whatever that's worth since I surrendered my Series 65 license when Bernie Madeoff hit the headlines just out of embarrassment for that industry and that carreer)
“I have a very low opinion of Dave Ramsey, Suzie Orman and even the one time unbelieveably lucky Bob Brinker. These are entertainers, NOT duly licensed and registered reps of legitimate investment firms on Wall Street!!! “
You know how I feel about Brinker when he outed himself and defended Clintoon and was in Gore’s pocket and later Kerry.
Suz is beyond Brinker. My wife had thought she was fairly good until I said imagine she is a man instead of what she is re her advise. Then, I showed her what her advice would have done to our portfolios.
We are now finding out that the Whoreacle of Omaha, who wants higher taxes is well sheltered re how he has rigged his funds.
Fox Business last week had a lefty richie billonaire on and he wanted higher taxes. However, when confronted by the two Fox hosts, re he could give more tax money at anytime, he refused to commit to higher taxes. His concept of taxes is the same as all liberals, “I want all of you to pay more, and I will keep my billions sheltered.”